In a significant development, IDFC has announced its merger with IDFC First Bank. The merger aims to streamline operations and […]
IDFC to merge with IDFC First Bank
Posts archive for 2023
76% of Rs 2,000 notes, worth Rs 2.72 lakh cr, received by banks since May 19 RBI
According to the RBI, banks have received 76% of the Rs 2,000 notes in circulation since May 19, amounting to […]
HDFC Bank now among world’s top 10 lenders, valued at $157 billion
HDFC Bank has secured a place among the world’s top 10 lenders, with a valuation of $157 billion. The achievement […]
Credit card, e-tail pacts may attract GST lens
Credit card and e-tail agreements may face increased scrutiny from the GST authorities, signaling potential tax implications. The move aims […]
India’s April-May fiscal deficit touches 11.8% of annual target :Government data
India’s fiscal deficit for April-May reaches 11.8% of the annual target, according to government data. This indicates a significant gap […]
GST revenue collection for June up 12% YoY at Rs 1.61 lakh crore
India’s GST revenue collection for June shows a promising growth of 12% compared to the previous year, reaching Rs 1.61 […]
Fidelity cuts pine labs valuation by 9% to $4.5 BN
Fidelity reduces the valuation of Pine Labs by 9% to $4.5 billion, reflecting market adjustments. The decision highlights the dynamic […]
Inflection AI, founded a year ago, raises $1.3 Billion
Inflection AI, a tech startup established just a year ago, secures an impressive funding round of $1.3 billion. The company’s […]
Paytm partners with Shriram Finance to strengthen its loan distribution biz
Paytm joins forces with Shriram Finance to empower its loan distribution business. This strategic partnership aims to enhance financial accessibility […]
HDFC Bank to become world’s 4th most valuable bank after merger with HDFC
After the merger with HDFC, HDFC Bank is set to become the world’s fourth most valuable bank. The consolidation will […]
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